Canada's Andean Precious Metals Q4 revenue jumps on higher output, prices

Overview

• Canada-based precious metals producer's Q4 revenue rose sharply yr/yr to record levels

• Q4 adjusted EBITDA missed analyst estimates

• Company ended 2025 with record liquid assets and repaid credit facilities

Outlook

• Company expects 2026 consolidated production of 100K-114K gold equivalent ounces

• Golden Queen 2026 cash costs seen at $1,500-$1,800/oz, AISC at $1,850-$2,150/oz

• 2026 sustaining capex expected at $17 mln-$24 mln, growth capex at $21 mln-$30 mln

Result Drivers

• PRECIOUS METALS PRICES - Higher average realized gold and silver prices drove record revenue in Q4, with gold at $4,171/oz and silver at $59.88/oz, both above market averages

• PRODUCTION MIX - Balanced production profile with 57% of revenues from silver and 43% from gold enabled the company to capitalize on price appreciation in both metals

• HIGHER OUTPUT - Increased gold production at Golden Queen and silver production at San Bartolome contributed to Q4 revenue growth

Company press release: ID:nNFC9FM8GC

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the diversified mining peer group is "buy"

• Wall Street's median 12-month price target for Andean Precious Metals Corp is C$14.00, about 120.5% above its March 24 closing price of C$6.35

• The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 8 three months ago

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